ISLAMABAD: The stay granted by the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) on enforcement of the award against Pakistan in the Reko Diq dispute carries certain conditions. A source privy to the development told Dawn that one of the conditions set by the World Bank-funded tribunal for international disputes was that Pakistan furnish an irrevocable bank guarantee amounting to 25…
Read More
Sindh Information and Forests Minister Syed Nasir Hussain Shah has said that the Sindh government is pursuing its project of urban forests with utmost transparency and monitoring so to yield maximum results to improve environment of cities of the province. “The elements of transparency and monitoring should be there so that plantation done under the urban forests projects is visible…
Read More
Carbon dioxide emissions from plug-in hybrid electric vehicles are more than two-and-a-half-times greater than official test levels, new research claims. Published this week, the analysis — conducted by the Transport & Environment campaign groupand supported by environmental organization Greenpeace U.K. — stated that, on average, “typical” plug-in hybrid electric vehicles, or PHEVs, emit around 117g of CO2 per kilometer. This figure is…
Read More
Stretching for thousands of miles, the east coast of the United States is home to major cities, stunning beaches and millions of people. Soon, though, it could also host several major offshore wind farms, a development that would have a significant effect on America’s energy mix. At the moment, the offshore wind sector in the U.S. is small. The country’s…
Read More
t’s been a busy month for oil markets, with a build-up of bearish news sending oil prices crashing at the start of the month, only for prices to rally again this week. A combination of outages from Hurricane Sally, a drawdown in oil storage, and high compliance from OPEC is responsible for the rebound. For Global Energy Alert members there are now two…
Read More
Inviting Chinese popular tea brands to explore Pakistan’s tea market, Dr Sajid Khursheed, a doctorate from Beijing, has reckoned that the Pakistanis, especially youths, were very fond of drinking tea. “There is big potential for Chinese investors in Pakistan’s tea market,” he declared while participating in a TV talk show of CPEC Face to Face at the China Economic Network Television…
Read More
Pakistan will start manufacturing solar panels and lithium batteries of busses locally. The solar panel indigenous production is expected to start within 18 months. According to the information shared by the Federal Minister for Science & Technology, Fawad Chaudhary, the buses to be run on batteries will also be made in Pakistan. The Chinese companies are all set to establish solar panel…
Read More
A major effort to develop and deploy clean energy technologies worldwide is urgently needed to meet international energy and climate goals, particularly in order to reduce carbon emissions from areas beyond the power sector such as transport, buildings and industry, according to a new IEA report released today. With global carbon emissions at unacceptably high levels, structural changes to the…
Read More
The comprehensive development deal between Pakistan and China (CPEC) not only creates strategic and economic connectivity between these two countries but also has the potential of integrating other regional and extra-regional countries, and could play a key role in improving the economic and security environment. The project is being considered a vital component in realizing the prospective of regional connectivity and improving…
Read More
EDITORIAL: National Electric Power Regulatory Authority (Nepra) is to hold a public hearing on 21 September to consider its proposal to end K-Electric’s exclusivity over Karachi. The argument in favour of this proposal is that this would encourage competition in the sector which would benefit consumers, the prime objective of privatization today as opposed to the time when K-Electric was…
Read More
